LGRO vs QQQ
Level Four Large Cap Growth Active ETF vs Invesco QQQ Trust, Series 1
Which is better, LGRO or QQQ?
QQQ has been ahead.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. LGRO is less concentrated, with 42.9% of the fund in its ten largest positions against 46.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | LGRO | QQQ |
|---|---|---|
| Expense Ratio | 0.50% | 0.18%Best |
| AUM | $140M | $483.5B |
| Dividend Yield | 0.33% | 0.44% |
| Holdings | 49 | 107 |
| YTD Return | +13.14% | +17.95%Best |
| 1Y Return | +15.42% | +21.77%Best |
| 3Y Return (annualized) | +23.01% | +25.63%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 16.9%Best | 17.5% |
| Max Drawdown | -23.3% | -22.8%Best |
| $10,000 over 3.1 years | $18,669 | $20,012Best |
| Top 10 Weight | 42.9%Best | 46.5% |
| Fund Family | ALPS Advisors | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Aug 22, 2023 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Aug 23, 2023 to Sep 18, 2026 (3.1 years).
LGRO vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
LGRO vs QQQ Performance
Level Four Large Cap Growth Active ETF (LGRO) is an ETF from ALPS Advisors and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year LGRO returned +15.42% while QQQ returned +21.77%. Year to date, LGRO is up 13.14% versus a gain of 17.95% for QQQ.
Over three years, LGRO compounded at +23.01% per year against +25.63% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 16.9% for LGRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.3% for LGRO and -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
LGRO charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, LGRO currently yields 0.33% against 0.44% for QQQ.
Holdings Overlap
49.7% of LGRO's money is in holdings QQQ also owns. 48.7% of QQQ's money is in holdings LGRO also owns.
The two portfolios partly overlap.
19 positions in common, counted across the 48 positions we hold weights for in LGRO and 102 in QQQ, against full books of 49 and 107.
What only one of them owns
Measured across the 48 and 102 positions we hold weights for.
QQQ holds 77 positions LGRO does not, 48.9% of the fund.
Largest: AMD 3.45%, GOOG 3.13%, TSLA 2.56%, WMT 2.41%, INTC 2.23%
Top Shared Holdings
| Stock | Weight in LGRO | Weight in QQQ | Difference |
|---|---|---|---|
| AAPLApple, Inc | 6.55% | 7.27% | 0.72% |
| MSFTMicrosoft Corp | 7.20% | 5.76% | 1.44% |
| NVDANvidia Corp | 4.16% | 8.44% | 4.28% |
| AMZNAmazon.Com Inc | 4.57% | 4.67% | 0.10% |
| GOOGLAlphabet Inc,class A | 4.31% | 3.36% | 0.95% |
| MUMicron Technology, Inc. | 2.41% | 4.43% | 2.02% |
| AVGOBroadcom Inc | 1.82% | 3.16% | 1.34% |
| METAMeta Platforms Inc | 2.09% | 2.78% | 0.69% |
| PYPLPaypay Holdings, Inc. | 3.19% | 0.22% | 2.97% |
| AMATApplied Materials, Inc. | 1.34% | 1.86% | 0.52% |
49.7% of LGRO is already inside QQQ.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, LGRO or QQQ?
LGRO has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, LGRO or QQQ?
Over the past year LGRO returned +15.42% vs +21.77% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, LGRO or QQQ?
QQQ has been the more volatile fund at 17.5% annualized versus 16.9% for LGRO. Worst drawdown: LGRO -23.3% vs QQQ -22.8%.
Should I hold both LGRO and QQQ?
LGRO and QQQ have a monthly-return correlation of 0.87, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between LGRO and QQQ?
49.7% of LGRO's money is in holdings QQQ also owns. 48.7% of QQQ's is in holdings LGRO also owns. They hold 19 positions in common, counted across the 48 positions we hold weights for in LGRO and 102 in QQQ.
Which pays a higher dividend, LGRO or QQQ?
LGRO yields 0.33% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
Is QQQ better than LGRO?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y and the full window. LGRO is less concentrated, with 42.9% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.